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Author Topic: Will somebody please create an escrow utility that accepts user defined inputs?  (Read 1102 times)
cbeast (OP)
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Let's talk governance, lipstick, and pigs.


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September 21, 2012, 02:34:11 PM
 #1

What will it take to get someone to create a utility or website that broadcasts m-of-n transactions? Do we need to beg?!?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
DeathAndTaxes
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September 21, 2012, 02:36:41 PM
 #2

bounty?
cbeast (OP)
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Let's talk governance, lipstick, and pigs.


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September 21, 2012, 08:25:27 PM
 #3

Meh, I'll just start believing all these groovy things Bitcoin is supposed to be able to do when I see them. Meanwhile I'll be entertained by all the scams and destruction of the centralized services. I just thought that escrows would give folks a little more faith in Bitcoin as a payment system. Vendors would benefit from a m-of-n escrow system, perhaps they might create a bounty for an "escrow here" button.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Severian
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September 21, 2012, 08:31:57 PM
 #4

The wallet services at blockchain.info used to offer it, but it appears to not be an option anymore in the live wallet:

https://blockchain.info/wallet/escrow
FactoredPrimes
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September 21, 2012, 10:00:02 PM
 #5

I did not realize escrow was available on blockchain.
Mike Hearn
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September 22, 2012, 11:53:55 AM
 #6

Building and broadcasting the transactions is easy. The hard part is coming up with a slick set of GUI extensions to the wallets people use that let you easily state which dispute mediators you want to use, lets you find/install new ones, lets the mediator view open disputes and resolve them, actually creating a dispute mediation company that has a solid set of processes and predictable ways to resolving disputes, etc.

Really, the n-of-m transactions is the easiest bit of all.
FactoredPrimes
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September 22, 2012, 05:08:11 PM
 #7

Just when I think I am understanding bitcoin, n-of-m... Back to the docs for me!
fellowtraveler
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September 22, 2012, 05:33:01 PM
 #8

What will it take to get someone to create a utility or website that broadcasts m-of-n transactions? Do we need to beg?!?

Just a reminder that OT does two-way-trade as well as escrow-with-arbiter.

(Both are simply smart contracts, with different user-defined scripts to provide their specific behavior.)

There isn't a GUI yet (it's coming) but you can do it at the command line. Videos here:

http://open-transactions-tv.github.com/

co-founder, Monetas
creator, Open-Transactions
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